Household production increases when there is a stronger desire to avoid taxation
a. True
b. False
A
You might also like to view...
Disposable personal income is defined as
A) personal income less personal taxes. B) personal income less personal taxes plus indirect sales taxes. C) personal income less transfer payments plus personal taxes. D) personal income less depreciation.
Which of the following equations is correct?
A) rate of growth of per capita real GDP = rate of growth in real GDP - rate of growth of population B) rate of growth of per capita real GDP = rate of growth in real GDP + rate of growth of population C) rate of growth in real GDP = rate of growth of per capita real GDP - rate of growth of population D) rate of growth in real GDP = rate of growth of per capita real GDP + rate of growth of population
Which of the following will increase the money supply?
A) an increase in the discount rate (relative to the federal funds rate) B) a decrease in the required reserve ratio C) an open market sale by the Fed D) a and c E) b and c
The problem of excess pollution mainly occurs because of
A) asymmetric information. B) a positive externality. C) a negative externality. D) a monopoly.